According to an Order Accepting Offer of Settlement with the Financial Industry Regulatory Authority (FINRA), Neal and Natalie Moon, a married couple, while registered at Waddell & Reed, allegedly participated in six private securities transactions in which six customers invested a total of $2.64 million in three different entities. At the time when they participated in the transactions, they did not tell their firm about it. This is against FINRA rules. They also allegedly made three false representations in annual compliance certifications, which is also against FINRA rules. The Moons sold securities in BOXX Technologies, a company that designed and sold computer systems and work stations for skilled professionals to investors, some of them elderly. FINRA is seeking a bar from the industry for each of them.
Neal Moon was registered with Waddell & Reed in Dallas, Texas from October 2009 until October 2015 and has one customer dispute against him. He is currently not registered in the industry. Natalie Moon was also previously registered with Waddell & Reed. If you lost money because of the Moons, Waddell & Reed may be sued in the FINRA arbitration forum in order to recover those losses. Please call our securities law firm today to find out how you may be able to recover your losses on a contingency fee basis. The call to us is free with no obligation.
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